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200602770 D. Procure and maintain policies of all-risk insurance on said improvements, in sums and underwritten by companies acceptable to the BENEFICIARIES, in an amount of at least Sixty-Two Thousand Dollars ($62,000.00), which policies shall name the BENEFICIARIES as additional insureds, with the loss proceeds payable to the parties as their interests may appear hereunder. TRUSTOR agree to provide BENEFICIARIES with copies of such policies or certificates of insurance during the term of this indebtedness, which policies of insurance may not be cancelled by said carrier without fifteen (15) days written notice to BENEFICIARIES. TRUSTOR covenants and agrees that a failure to make any payment, either principal or interest, on the Note secured hereby when due and payable, or a failure to comply with any of the covenants and agreements herein made shall cause the whole swn of money hereby secured to become immediately due and collectible at the option of the BENEFICIARIES, and BENEFICIARIES shall have the right to cause Notice of Default to be given and the premises to be sold as provided herein. The parties mutually agree as follows: A. At any time and from time to time upon written request of BENEFICIARIES, payment of fees and presentation of this Deed of Trust and the Note for endorsement (in case of full reconveyance, for cffilcellation and retention), without affecting the liability of any person for the payment of the indebtedness, TRUSTEE may (a) consent to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereon; (c) join in any subordination or other agreement affecting this Deed of Trust or the lien or charge thereof; (d) reconvey this Deed of Trust or the lien or charge thereof; (d) reconvey, without warranty, all or any part of said property. B. The grantee in any Deed of Reconveyance may be described as "the person or persons entitled thereto", and the recitals therein of any matters or facts shall be conclusive proof of the truthfulness thereof. C. Upon default by TRUSTOR in the payment of indebtedness secured hereby or in the performance of any agreement hereunder, BENEFICIARIES may declare all sums secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFICIARIES desire said property to be sold, they shall deposit with TRUSTEE this Deed of Trust and all promissory notes and documents evidencing expenditures secured hereby, and shall deliver to TRUSTEE a written Notice of Default and election to cause said property to be sold in the form required by law, which shall be duly filed for record by TRUSTEE. (1) After the lapse of such time as may be required by law (presently being one (1) month following the recordation of said Notice of Default), Notice of Default and Notice of Sale having been given as required by law, TRUSTEE, without demand on TRUSTOR, shall sell said property on the date and at the time and place designated in said Notice of Sale, at public auction to the highest bidder, the purchase price payable in lawful money of the United States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale from time to time until it shall be completed and in every such case, notice of postponement shall be given by public declaration thereof by such person at the time and place last appointed for the sale; provided, if the sale is postponed for longer than one (1) day beyond the day designated in the Notice of Sale, notice thereof shall be given in the same r:lanner as the oJ'iginal Notice of Sale. TRUSTEE shall execute ffild deliver to the purchaser his Deed conveying said property so sold, but without any covenant or warranty, express or implied. The recitals in the Deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including BENEFICIARIES, may purchase at the sale. TRUSTOR hereby covenant to warrant and defend the title ofthe above property to purchaser at sale. -2-